Technicals Talk: BDO Unibank (BDO) – 2 Apr 2025 by Regina Capital Development Corp.
BDO dips after two-day gains, the stock fell -0.45% but still remains to trade above medium-long term MAs.
BDO dips after two-day gains, the stock fell -0.45% but still remains to trade above medium-long term MAs.
ICT on continuous decline, ICT dropped -4.05% further trading below all key MAs.
The PSEi gained +0.54% on the previous session as selling pressure weakened but the local bourse remains below all MAs.
Eyes are set on continuity of prior session’s MOC-boost, as participants check on feelers on sequels to US tariff issues.
Our stock picks for the week
The PSEi found direction after trading sideways last week, slipping 119.31 pts to 6,147.44 (-1.90% w/w).
Expect volatility with the quarter-end portfolio closing, with possible weight from US equities’ overnight weakness Friday.
After a series of declines, JGS rebounded +2.33% intraday but remains capped below its long-term MAs.
SCC extends its two-day gain by +1.97% intraday after its sharp pullback but remains below its short-term MAs.
MONDE declined by -2.37% intraday, failing to sustain its recent recovery and trading near its support.
The PSEi slipped by -0.43% intraday as selling pressure kept it pinned below key moving averages, with the 50-day MA acting as resistance.
Participants will monitor possible continuity of the sluggish trend, as the market digests 2024 corporate earnings plus guidance on 1Q results.
Our recommendation and 1-year Target Price for this stock is
We maintain our Target Price and recommendation for DMC at
Our Target Price and recommendation for this stock is
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